What happens when flexi benefit component is not claimed?


How could employees avail Tax Exemption for the Flexible benefit components? What happens with the unclaimed flexi component?

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Employees can reduce your taxable salary and avail of tax exemption by declaring expenses and producing receipts under the Flexible Benefits head such as House Rents, Periodicals, Health, books etc
The amount that is unclaimed by the employee is mentioned as unclaimed. Income Tax would be calculated as applicable.